New York’s insurance premiums second-most expensive in U.S.

Last year the state’s insurance premiums for employer-sponsored coverage of individuals and families were the nation’s second-most expensive, according to recent federal data.

Data from the Agency for Healthcare Research and Quality, part of the U.S. Department of Health and Human Services, show that the average total premium New Yorkers paid for single coverage in 2020 was $8,177. The amount was second to Alaska, which saw an average premium of $8,635.

The state’s average premium has risen steadily, growing 57% from the 2010 level ($5,220) for single coverage. The only time New York saw a dip in single-coverage premiums was 2016, when the average fell to $6,614

→ Continue reading at Crain's New York Business

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